BNDES supports Grano Alimentos with R$ 24,4 million for the production of frozen vegetables.
A company unit in Esteio (RS) was flooded during the 2024 flood that hit the state of Rio Grande do Sul.
BNDES News Agency - The Brazilian National Bank for Economic and Social Development (BNDES) has approved a loan of R$ 24,4 million for Grano Alimentos, a company in the frozen vegetable sector. This support is part of the BNDES Emergency Program for Rio Grande do Sul and will help the company recover after its supplier receiving and inventory storage center, located in Esteio (RS), was flooded during the 2024 floods.
One of Grano's logistics warehouses experienced flooding three meters high and had its refrigeration system shut down for more than 25 days due to damage to the electrical network. The water reached all the chambers where vegetables such as broccoli, peas, spinach, cauliflower, and potatoes were stored, as well as plant-based solutions (products made from plants).
The support from BNDES will be used for working capital expenses, providing compensation for Grano's losses, mainly due to the spoilage of stored and warehoused food, including seedlings and broccoli during harvest. There was also a reduction in revenue due to unfulfilled orders.
“The credit to Grano, which uses family farming in a large part of its production chain, promotes the maintenance of yet another company from Rio Grande do Sul with income generation, uniting industry with food production, two very relevant areas for President Lula's government,” noted the president of BNDES, Aloizio Mercadante.
Support for Rio Grande do Sul – Support for immediate liquidity needs and revenue impact coverage is part of the BNDES Emergency Program for Rio Grande do Sul, focused on mitigating and adapting to climate change and resuming economic activities in the state. In return, companies must maintain jobs in the units supported by the credit.
Through the program, R$ 17,5 billion has already been approved for working capital for companies in Rio Grande do Sul, in addition to R$ 3,2 billion for the purchase of machinery and equipment and another R$ 1,5 billion for investment and reconstruction. The suspension of debt payments amounts to R$ 4,77 billion in 72,1 operations.